Upcoming BS VI production

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New Delhi: The run-up to BS VI transition along with the general economic slowdown and hurried production led to the decline in sales of automobile majors in February, market watchers said on Monday.

Automobile major Maruti Suzuki India reported a 1.1 per cent year-on-year (YoY) fall in its total sales in February at 1,47,110 units. During the same period last year, the company had sold 1,48,682 units.

Another automobile major, Tata Motors reported a 34 per cent year-on-year (YoY) decline in its February domestic sales at 38,002 units. It had sold 57,221 units in February last year.

Commercial vehicle sales in India plunged 35 per cent to 25,572 units during the month under review, from 39,111 units sold during the corresponding period last year, Tata Motors said in a regulatory filing.

On its part, Mahindra & Mahindra reported a 42 per cent fall in its total vehicle sales in February at 32,476 units. The company had sold 56,005 units in February 2019.

Two- and three-wheeler maker TVS Motor Company on Monday said it sold 253,261 units last month, down from 299,353 units sold in February 2019.

According to TVS Motor, it is on track to reducing dealer level BS-IV stock in the domestic market and is confident of retailing it this month.

In addition, the outbreak of pandemic Coronavirus (COVID-19) has led to impact on supply of certain components for production of BS-VI vehicles. All efforts are on to normalise this at the earliest, the company said in a statement.

Source: IANS

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